Saturday, January 07, 2006 11:01:38 AM
I do understand cruehead was frustrated as we all are. After all of us being put through the grinder these past few months I do hope the rest of us longs wait it out at least until the end of this month. ILCO has held up well during these past few months compared to other stocks that have fallen due to the low volume.
Let's start with the SHO List as our topic today:
ILCO has a low float compared to most pinks and it moves fast. A lot of ILCO's float is held by long investors and that's why we are back on the SHO list. After a small run up ie: .003 to .0047 we will always end up on the SHO list until we get a run over .01. Why because whoever is short....who I believe is TD Waterhouse will only cover once it looks like the stock is flying up out of control. Right now with some holders selling here and there the shorters are getting what they want at cheap prices.
SHO List doesn't affect a stock now because the SEC isn't doing anything about it yet. Just making lists. Whether or not a company is a on a list doesn't matter to me because they haven't had a case of enforcing it.
Here is a great article:
http://www.thestreet.com/tech/kevinkelleher/10236915.html
So until I see an example of enforcement this SHO list is a waste of time.
Honestly a pink sheet stock can be very dangerous territory because they can do whatever they want. Pinks and OTC stocks are not valued at what they are worth only the big boy stocks.
These comments are imo and I'll end my input here and please everyone comment and let's have a calm discussion.
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